2 minute read
Jeff Prang: 2022 Assessment Roll — Santa Clarita
The 2022 Assessment Roll, Santa Clarita
BY JEFF PRANG
Los Angeles County Assessor
It’s that time of year again that my office undertakes its most important function of the fiscal year that lays the ground work for the very property taxes that pay for our vital public services: The Assessment Roll. In fact, it’s a Constitutional mandate.
The Roll for 2022 has been closed as of June 30 and it reflects growth for Santa Clarita as well as the rest of the County.
First off, let me say this comprehensive tally values more than 2.5 million real estate parcels in Los Angeles County and results in the very tax dollars that goes to pay for vital public services, such as healthcare, police, fire, schools, and even librarians, to name just a few. As I mentioned, I am constitutionally mandated to close the Roll by the end of the Fiscal Year on June 30. As a point of reference, my Fiscal Year runs from July 1 to June 30.
I am pleased to announce that the 2022 Assessment Roll has a total net value of $1.89 trillion, indicating the 12th year of consecutive growth. The 2022 Roll also grew by $122.38 billion (or 6.9%) over 2021. That value places nearly $19 billion to be used for those public services I just mentioned.
Locally, Santa Clarita for 2022 came in at $41.35 billion for taxable values, which is a 7.7% increase over last year’s numbers. That includes 63,904 single-family homes, 491 apartment complexes, 4,651 commercial-industrial parcels for a grand total of 69,046 taxable properties. Yes, it’s a solid growth at $41.35 billion.
Some basics The Roll, as it is known, contains the assessed value of all real estate and business personal property in the County’s 88 cities along with the unincorporated areas. It also breaks down the number of single-family residential homes, apartments and commercial-industrial parcels.
This year’s Roll comprises 2.58 million real estate parcels as well as business assessments countywide. That includes 1.89 million singlefamily homes, 250,000 apartment complexes, 248,000 commercial and industrial properties and more than 165,000 business property assessments.
Since the Roll is the inventory for all taxable property in the County, it can provide some insight into the health of the real estate market. The Roll is also driven in large measure by real property sales, which added $69.6 billion to the Roll as compared with 2021; the CPI adjustment mandated by Prop. 13, which this year came in at 2%, added an additional $34.2 billion; and new construction added $6.3 billion.
Finally, as we move forward during this critical period, I wish for everybody to stay safe and heathy. This is a tumultuous time in our history.
No question about that, but to repeat what has been said so many times before during emergencies that demand the best from us, this could be our finest hour.
Los Angeles County Assessor Jeff Prang has been in office since 2014, was re-elected in 2018 and 2022. Upon taking office, Prang implemented sweeping reforms to ensure that the strictest ethical guidelines rooted in fairness, accuracy and integrity would be adhered to in his office, which is the largest office of its kind in the nation with about 1,400 employees and provides the foundation for a property tax system that generates nearly $19 billion annually.
